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Dec 4, 2012
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the ministers also talked about spain. they decided to provide up to nearly $40 billion euros. they're decision came after the bailout fund to sure up its constituti institutions. the nikkei average at 9,434. that's a loss of one-fourth of a percent. the dollar is slightly losing ground. dollar yen changing hands at 82.13 to 17. euro stands at 107.19 to 24. analysts say investors are selling the dollar following the release of u.s. manufacturing data. it was the lowest in almost three and a half years. more investors are showing interest in the weakening yen. taking a look at other markets, south korea's kospi is trading lower. let's take a look at australia. it's trading lower by almost a third of a percent. there's hope for floundering bas bas basic electronics firm sharp. the firm is expected to receive part of the that sum as early as this month. sharp is forecasting a record net loss for the current fiscal year of $5.5 billion. that's due to the slump in its main tv and crystal liquid sectors. strengthening its financials is essential if the firm will have hope for its bus
the ministers also talked about spain. they decided to provide up to nearly $40 billion euros. they're decision came after the bailout fund to sure up its constituti institutions. the nikkei average at 9,434. that's a loss of one-fourth of a percent. the dollar is slightly losing ground. dollar yen changing hands at 82.13 to 17. euro stands at 107.19 to 24. analysts say investors are selling the dollar following the release of u.s. manufacturing data. it was the lowest in almost three and a...
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Dec 1, 2012
12/12
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talking about the snow, look at spain. cold air spilling across the north. in spain, that cold air mixed with a little bit of precipitation is ending up looking like this. i want to show you a video actually coming out of this area where the snowfall has been coming down and winter has reached spain as temperatures continue to plunge. the country has issued snow alerts in 16 cities where the snow has forced local authorities to close many roads. fortunately, the snow is not always a negative impact, though. here in sierra nevada, granada, the people are getting out there and enjoying it as the winter sports resort opened up here. so good news, not everybody is looking down on this in a negative aspect. many people are getting out there and at least enjoying it. but as far as temperatures, all that cold air coming down, things are cooling off here in london and paris. but overnight temperatures around zero and the highs only at 5 on your saturday. now here's a look at your extended forecast. ♪ >>> we'll be back with more updates in 30 minutes. i'm gene otan
talking about the snow, look at spain. cold air spilling across the north. in spain, that cold air mixed with a little bit of precipitation is ending up looking like this. i want to show you a video actually coming out of this area where the snowfall has been coming down and winter has reached spain as temperatures continue to plunge. the country has issued snow alerts in 16 cities where the snow has forced local authorities to close many roads. fortunately, the snow is not always a negative...
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Dec 3, 2012
12/12
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long-term bond yields are long-term bond yields are falling sharply in spain, for instance, and showing positive signs, among others, that point to a gradual return of confidence to the euro area. >> noyer noted borrowing costs for spain, france and other countries in the region have declined that he pointed out is due in part to a european central bank program to buy bonds of debt-ridden nations. the governor also said a stable bond market is necessary for every central bank to implement effective monetary policy. >>> most nuclear powers plants in japan are offline after last year's disaster. another energy-saving campaign is now under way to avert power shortages this winter. the government and power companies are calling on households and businesses to reduce electricity usage through late march. this is to cope with heating demand during the cold season. the campaign covers all parts of the country except for the southern most prefecture of okinawa. officials are asking customers in hokkaido, japan's coldest region, to cut back on energy use by 7% from the level before the nuclear a
long-term bond yields are long-term bond yields are falling sharply in spain, for instance, and showing positive signs, among others, that point to a gradual return of confidence to the euro area. >> noyer noted borrowing costs for spain, france and other countries in the region have declined that he pointed out is due in part to a european central bank program to buy bonds of debt-ridden nations. the governor also said a stable bond market is necessary for every central bank to implement...
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Dec 12, 2012
12/12
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precipitation coming in across the western british aisisles ann towards france and spain. this is going to be rain rather than snow getting warmer here. the frigid air to the east. tomorrow on your thursday, 2 degrees in london. 1 degree in paris but in to friday the temperatures rebound to averages. about 11 degrees for you in london so it's feeling warmer i should say. out towards the east, we have plenty of sub zero temperatures for the highs. minus 5 in stockholm. minus 5 in warsaw and minus 3 in vienna. i'll leave you now with your extended forecast. >>> we're back in 30 minutes with more of the latest. i'm gene otani in tokyo.
precipitation coming in across the western british aisisles ann towards france and spain. this is going to be rain rather than snow getting warmer here. the frigid air to the east. tomorrow on your thursday, 2 degrees in london. 1 degree in paris but in to friday the temperatures rebound to averages. about 11 degrees for you in london so it's feeling warmer i should say. out towards the east, we have plenty of sub zero temperatures for the highs. minus 5 in stockholm. minus 5 in warsaw and...
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Dec 3, 2012
12/12
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spain has been doing okay. for as long as i can continue, there isn't really any prospecs of spain asking for help. but i think the market knows that if spain does ask for help, there's always the back stop of the omt and that's why spain is doing what it's doing. so so far so good. >> starting to get ahead of a heavy 2013 program. will that throw out problems? >> i think they're pursuing the right strategy. the big difference on this front between italy and spain is that italy has a big fall in redemptions next year when it takes off pressure for sly flex year. spain has the opposite problems, a rise next year. so it's technically done for this year and the reason it's funding is to take some of the pain away from next year. and again these options get done and it isn't a big drama. they do have to get digested. but the primary dealers do take the bontds down and i'll expect no difference different on wednesday. >> so for the moment, no pressure relatively speaking. and yet we're now looking at the downgrades
spain has been doing okay. for as long as i can continue, there isn't really any prospecs of spain asking for help. but i think the market knows that if spain does ask for help, there's always the back stop of the omt and that's why spain is doing what it's doing. so so far so good. >> starting to get ahead of a heavy 2013 program. will that throw out problems? >> i think they're pursuing the right strategy. the big difference on this front between italy and spain is that italy has...
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Dec 4, 2012
12/12
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bond market, yields still very contained for spain and italy. 5.2% yields in spain. italian yields slightly lower, 4.39. gilt you see currently just edging slightly higher. and on the currency markets, dollar index at a one month low. ism manufacturing not helping. dollar-yen therefore down to 82 and dollar is done against everything else, as well. apart from the swiss franc. let's show where you we stand with oil prices right now. we've got nymex trading at 89. present at 110. both of them fairly steady. what about the outlook? joining us is peter hunt at rbc. peter, good morning to you. so does oil stay in this sort of recent ranges for the foreseeable future? >> actually we think it is. it sounds like sort of the risk of complacency. something we challenge ourselves on quite regularly. but given the points about china demand and global gdp, we're still very cautious in terms of demand, but the issue for the oil markets is supply and there are still big movements going on there. i think over the last three months, you've seen a really sharp fall in the output from
bond market, yields still very contained for spain and italy. 5.2% yields in spain. italian yields slightly lower, 4.39. gilt you see currently just edging slightly higher. and on the currency markets, dollar index at a one month low. ism manufacturing not helping. dollar-yen therefore down to 82 and dollar is done against everything else, as well. apart from the swiss franc. let's show where you we stand with oil prices right now. we've got nymex trading at 89. present at 110. both of them...
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Dec 4, 2012
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france, britain, and spain are just a few of the countries which have summoned israel's ambassador to express their concerns. there are warnings that new settlements in east jerusalem and the west bank could threaten the very viability of a two- state solution. >> israel's prime minister does not shirk controversy and is not afraid of upsetting his friends, but benjamin netanyahu might suddenly be feeling rather isolated. a number of european countries are upset over the thorny issue of settlements. for years, israel has been warned by allies that continued expense of israel's settlements on occupied jewish land is detrimental to a two-state solution. it was when israel signalled its intention to develop this strategically-important area known as e-1 that the row intensified. if this big piece of land was to become a jewish settlement, detractors say it would be the final nail in the coffin of the two-state solution. with dozens of jewish settlements already in the area, it is argued that developing e- 1 and his separation area around it, -- and this separation around it would cut off
france, britain, and spain are just a few of the countries which have summoned israel's ambassador to express their concerns. there are warnings that new settlements in east jerusalem and the west bank could threaten the very viability of a two- state solution. >> israel's prime minister does not shirk controversy and is not afraid of upsetting his friends, but benjamin netanyahu might suddenly be feeling rather isolated. a number of european countries are upset over the thorny issue of...
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Dec 18, 2012
12/12
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we're seeing spain and italy yields falling 5.4% or just under that level in spain. gilt in particular, if you look at the 1.92% level, this on the back of the inflation report which showed cpi up 2.7% year on year. forex, the euro/dollar was stronger earlier. we're seeing just a little bit to the up side. not too far off the 1.32 mark which is extraordinary. the sterling moving to a multi month high. 1.62. it's just over that level this morning, up .1%. >>> now, spain will keep a quick look -- take a quick look at the results from italy in this debt auction. we've got basically an offering of short-term bills, three month and six-month bills. the yields on that are still coming through. looks as though spain has sold about 11.5 billion in the three months and just shy of 2 billion in the six-month paper. the bid to cover ratios for both, let's see, at least the six month moving higher on the three month and more importantly, the yield on the three month. 1.373 versus 1% the last time around. still waiting on the yield for this six month. while we wait for that to co
we're seeing spain and italy yields falling 5.4% or just under that level in spain. gilt in particular, if you look at the 1.92% level, this on the back of the inflation report which showed cpi up 2.7% year on year. forex, the euro/dollar was stronger earlier. we're seeing just a little bit to the up side. not too far off the 1.32 mark which is extraordinary. the sterling moving to a multi month high. 1.62. it's just over that level this morning, up .1%. >>> now, spain will keep a...
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Dec 13, 2012
12/12
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spain, this will be a good proxy for now. we'll get the ten year for italy in just a second. 35.34% is the level there. u.s. benefiting from fund flows well. choppy trade across the picture here. let's look at the italian curve before we get the results later today. we are seeing green across the board, so yields dipping before that probably has more to do with the political rhetoric we're seeing especially coming from berlusconi. under 4.6% for the ten-year and on the short and two, a bit of a rally. finally, let's close taking a look at the forex. euro/dollar is weaker. and it's holding just above 1.30. and the dollar/yen, this is the one sixuan mentioned to watch. heading into japanese elections, stocks outperform adding oots .1% to 83.35 this morning. >>> south korea's central bank may be worried about factors in the economy, but the dok says the economy is stronger than it used to be. more on that next. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way t
spain, this will be a good proxy for now. we'll get the ten year for italy in just a second. 35.34% is the level there. u.s. benefiting from fund flows well. choppy trade across the picture here. let's look at the italian curve before we get the results later today. we are seeing green across the board, so yields dipping before that probably has more to do with the political rhetoric we're seeing especially coming from berlusconi. under 4.6% for the ten-year and on the short and two, a bit of a...
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pact wool expos from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. and this is the nokia lumia 920 from at&t. it's got live tiles so all my stuff's always right there in real-time. it's like the ultimate personal
pact wool expos from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees...
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Dec 6, 2012
12/12
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spain will have 4% stake. which means european government will no longer have their say in running the company. apart from strategy differences, they will no longer be able to name board members and they won't have veto rights anymore on commercial decisions. but the new government rules won't take effect up mid 2013 at the earliest because the shareholders will immediate to vote on that new governance and share holding structure. for the french government, it currently has 15% stake, so basically it will put a part of his stake in a trust fund and will have to give up the voting rights. held have to buy 12% from daimler. and they've decided to sell 7.5%. 61 million shares. it's been announced just a few minutes ago. >> has anybody spoken to angela merkel to see whether she's happy with this? >> apparently both governments say they're happy with this decision. but -- >> after the last time when they didn't bother to check with the german chancellor and assured us that it was all fine. i just wonder if that's d
spain will have 4% stake. which means european government will no longer have their say in running the company. apart from strategy differences, they will no longer be able to name board members and they won't have veto rights anymore on commercial decisions. but the new government rules won't take effect up mid 2013 at the earliest because the shareholders will immediate to vote on that new governance and share holding structure. for the french government, it currently has 15% stake, so...
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Dec 17, 2012
12/12
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. >> spain? >> for sure. >> when? >> probably in the second quarter. >> that's an interesting idea, all at once. david owens from jeffries, thank you so much for stopping by. >>> straight ahead, economic policies for next year and what is in store for markets if it mean slower, short-term growth? can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground at fedex of. >>> shinzo abe wastes no time on calling on the bank of japan to ease interest rates. >>> get a little, give a little. reports say john boehner may be willing to raise the tax rates on the rich if president obama raises the cuts. >>> and corporate news weighs on sentiment in europe. kpn shares fall as the dutch telecom group scraps the divide dividend. >>> okay. we're into new trading week here. the xetra dax and the french marke
. >> spain? >> for sure. >> when? >> probably in the second quarter. >> that's an interesting idea, all at once. david owens from jeffries, thank you so much for stopping by. >>> straight ahead, economic policies for next year and what is in store for markets if it mean slower, short-term growth? can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you...
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Dec 12, 2012
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. >>> coming up in the program, spain's biggest export. an analyst who says shoppers are ready to spend. >>> and the vice president hugo chavez's cancer operation that was successful. heel be in miami to speak -- we'll be in miami to speak to an an lifted who talks about the transition of power. >>> plus, joined in studio by the ceo of japanese merchandising giant sanrio. what will the man in charge of -- yes -- hello kitty have to say about holiday spending? that's at 5:20 eastern. 11:20 central/european time. >>> u.s. budget talks have intensified. president obama and house speaker john boehner spoke by phone tuesday after exchanging new proposals. aides confirm the president gave boehner a revised offer on monday, reducing demand for new tax revenue from $1.6 trillion to $1.4 trillion over the next decade. boehner responded with a plan that largely sticks by his original offer a week ago. reports say the white house has told republicans it would include an overhaul of corporate taxes in any budget deal which it hasn't put on the table b
. >>> coming up in the program, spain's biggest export. an analyst who says shoppers are ready to spend. >>> and the vice president hugo chavez's cancer operation that was successful. heel be in miami to speak -- we'll be in miami to speak to an an lifted who talks about the transition of power. >>> plus, joined in studio by the ceo of japanese merchandising giant sanrio. what will the man in charge of -- yes -- hello kitty have to say about holiday spending? that's...
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Dec 1, 2012
12/12
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tightly frozen in a custom built machine from spain. $50,000 worth of rare merchandise inside three vending machines in southern california making the debut just in time for the holiday shopping season. the idea came from this cupcake vending machine already a hit in beverly hills. caviar can be just as sweet says a vending machine owner. so it's about making it access snibl. >> it is very accessible, convenient in every price point. so it is caviar out of a vending machine in a shopping mall. but some foodies say this just doesn't belong next to cinnabon. at the trendy hungry cat seafood restaurant in hollywood, he says his caviar is served with a little more flair, not food court fudge. >> that's the part i don't get. i can see getting it and taking it hom to have champagne with it. but just on your lunch break, it really doesn't at up to it. >> with a soda from the food court? >> exactly. >> reporter: we found plenty of caviar critics. would you put $500 in a machine? >> no. >> would you buy eggs out of a vending machine, much less fish eggs? >> reporter: but the flurries are buying for
tightly frozen in a custom built machine from spain. $50,000 worth of rare merchandise inside three vending machines in southern california making the debut just in time for the holiday shopping season. the idea came from this cupcake vending machine already a hit in beverly hills. caviar can be just as sweet says a vending machine owner. so it's about making it access snibl. >> it is very accessible, convenient in every price point. so it is caviar out of a vending machine in a shopping...
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Dec 14, 2012
12/12
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whether it's the bund or even yields in spain are falling as prices rise a little bit. so there is light at the end of the tunnel according to our next guest. he says the global economy is close to reaching its weakest point before recovery sets in. he's robert cohen, chief equity strategist. woke. >> good morning. >> we just heard rob doddson talking through some of these results. unfortunately, we saw some signs of weaker demand, especially global demand in these reports. but perhaps what is consistent with what you're saying, why is it your view that that is going to happen? >> sometimes you need to pull away. you move away from the fundamentals a little bit on the month to month improvements. if you look at 2013 as a whole, the big headwinds you've had in a number of years, fiscal austerity is largely the sarp in europe year on year. 2014, that comes up quite quickly. 2013 is largely going to be the final year of the crushing deleveraging if you like on the european banks. so essentially the whole theme of the aurm is 2014 should credibly be the first recovery year
whether it's the bund or even yields in spain are falling as prices rise a little bit. so there is light at the end of the tunnel according to our next guest. he says the global economy is close to reaching its weakest point before recovery sets in. he's robert cohen, chief equity strategist. woke. >> good morning. >> we just heard rob doddson talking through some of these results. unfortunately, we saw some signs of weaker demand, especially global demand in these reports. but...
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Dec 11, 2012
12/12
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., spain, and italy. today the four rates are very different. ours has fallen markedly. rates have come in a great deal. i was -- that was the first pillar. the second is that policy would provide the vehicle for accommodating the stimulus to the economy. fiscal policy would be a head wind in terms of the movement of total demand. monetary policy would be accommodative and more importantly, would accommodate the sharp fall in the sterling exchange rate which had taken place between the end of 2007 and the beginning of 2009. that was a 25% fall in the average effective exchange rates of sterling against other currencies. the biggest since the second world war. and the monetary policy was to make sure that that gain in competitiveness was retained by ensuring that domestically generated inflation would remain stable. these pillars were thought to be consistent with the gradual recovery of the economy. what happened was we did not get a gradual recovery. we saw output being broadly flat over the past 2.5 years. it has been a zigzag pattern. we have had the excitement of the
., spain, and italy. today the four rates are very different. ours has fallen markedly. rates have come in a great deal. i was -- that was the first pillar. the second is that policy would provide the vehicle for accommodating the stimulus to the economy. fiscal policy would be a head wind in terms of the movement of total demand. monetary policy would be accommodative and more importantly, would accommodate the sharp fall in the sterling exchange rate which had taken place between the end of...
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Dec 7, 2012
12/12
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look at wages in greece and now spain. wages in greece are down more than 25%. very painful, but we've heard about the pain already. what we haven't heard so much about is the competitiveness. >> enor husband costs with incredibly high unemployment rates. >> that i'm afraid is what's going on and that's extremely unpleasant. what i'm saying in terms of market action is we know about that, we're focused already on the unemployment, we're not focused on the wage improvement in competitiveness. >> all right giles, more to come from you you. also we'll hear from the stars of les mis about why the classic story will resonate with the current economic climate. and later in the program, we'll also hear from the nigerian finance minister about the resources boom. but you what about the corruption issue. and we'll also hear first from apple's new ceo tim cook about steve jobs' legacy and his future plans for the tech giant. plus of course we'll continue to keep you updated on the reaction and the latest dealings from the earthquake in japan. >>> a 7.3 magnitude earthquak
look at wages in greece and now spain. wages in greece are down more than 25%. very painful, but we've heard about the pain already. what we haven't heard so much about is the competitiveness. >> enor husband costs with incredibly high unemployment rates. >> that i'm afraid is what's going on and that's extremely unpleasant. what i'm saying in terms of market action is we know about that, we're focused already on the unemployment, we're not focused on the wage improvement in...
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Dec 4, 2012
12/12
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spain have officially applied for bailout money. it is keeping yields well contained at the moment. 5.25%. a long way below that 6% level. italian yields also very well contained. lower today 4.41%. and the betting now is can spain keep from having to go for an official omt bailout to beyond the german elections which is scheduled september to october next year. so that's the game we play despite they have will have i issuance in 2013. gilt yields, chancellor statement coming out tomorrow. construction pmi today a little bit weaker. concerns over the uk economy. so we'll see how investors take to what's probably going to be a loosening up of the budget targets the chancellor set when they came into power. so we'll keep our eyes on that. and at the moment today, more talks in brussels. the greeks now getting their buy back program approved 37 trying to sort out a single supervisor. i think these talks will be fairly tricky because there is a majority who bt with a tant the be supervisor for all the banks. german didn't like that. so
spain have officially applied for bailout money. it is keeping yields well contained at the moment. 5.25%. a long way below that 6% level. italian yields also very well contained. lower today 4.41%. and the betting now is can spain keep from having to go for an official omt bailout to beyond the german elections which is scheduled september to october next year. so that's the game we play despite they have will have i issuance in 2013. gilt yields, chancellor statement coming out tomorrow....